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On August 1, 2010, Dambro Co acquired 200, $1,000, 9% bonds at

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Question

On August 1, 2010, Dambro Co acquired 200, $1,000, 9% bonds at 97 plus accrued interest. The bonds will;be added to Dambro's available for sale portfolio. The bonds were dated May 1, 2010, and mature on;April 30, 2016, with interest paid each October 31 and April 30. Record the bond pruchase on August 1, 2010

 

Paper#25337 | Written in 18-Jul-2015

Price : $22
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